Indian stock markets showed resilience with Sensex and Nifty 50 posting weekly gains despite global tech selloffs, rising crude oil prices, and escalating geopolitical tensions in the Middle East.

Key Points

• The Sensex rose 582 points to close the week, while the Nifty 50 settled at 24,334.
• Brent crude prices surged 16% for the week, reaching $88.10 per barrel due to the US-Iran conflict.
• Foreign institutional investors (FIIs) were net sellers, withdrawing Rs 8,743.35 crore from Indian equities.
• The Indian rupee weakened to 96.28 against the US dollar, marking its sharpest weekly decline since May.
• Global tech stocks faced significant pressure, with the Philadelphia SE Semiconductor Index entering bear market territory.
• Upcoming market focus includes Q1 earnings reports from companies like Infosys, UltraTech Cement, and Bajaj Auto.

Why it Matters

The Indian market's ability to remain resilient amid global volatility highlights a shift toward large-cap stocks and strong domestic institutional support. Investors are closely monitoring energy costs and geopolitical stability to determine if this momentum can be sustained against broader international economic headwinds.